Yinchuan City introduced the Projects-Driven Strategy to promote the diversified development of foreign trade and economy in 2013. From January to September, the city has started up the construction of 29 projects, accounting for 93.5 percent of the total number of projects; completed an investment of 1.052 billion yuan, holding 63.03 percent of the planned aggregate investment.

According to reports, Yinchuan City has substantially promoted the construction of 29 key foreign trade and economy projects such as Zhongyin Cashmere Company’s projects, including the luxury and boutique cashmere and wool fabric project, the cashmere sweater project and the project of a R&D center for processing honey, royal jelly and propolis and other bee-related products. Among the 29 projects, 12 have been completed and put into use; 15 are making smooth progress. In addition, Yinchuan has successfully won the China (Yinchuan) International Muslim Entrepreneurs Summit project, which also contributed to the implementation of French Charolais beef cattle breeding and processing project in Yinchuan. This project is to be invested in by the France Burgundy Duke Group -- with 1 billion euro over the course of five years. Also, Ningxia Company and France Burgundy Duke Group established a joint venture.